Monday 04 July 2022
“Bless Asset” overflows IPO bookings Investors are confident that the future is bright after raising funds to list on the stock exchange Reveals fundraising to move forward to expand the real estate market Launching 2-3 new projects per year to support growth in the next 3-5 years with exponential growth Highlight products that meet the needs of consumers in the new normal era, preparing to enter the mai market on July 7
Mr. Apichart Saengchan, Director of Investment Banking Department Trinity Securities Company Limited, as a financial advisor, Bless Asset Group Public Company Limited (BLESS) revealed that the subscription for ordinary shares for the general public (IPO) amounted to 200 million shares at a par value. (Par) 0.50 baht per share at a price of 1.40 baht per share between 29-30 June and 1 July 2022 received a lot of attention from investors. with a large number of subscriptions This reinforces investor confidence in BLESS as a small real estate operator with continuous growth. And in the future, it will be able to grow outstandingly after having a strong capital base and financial position. It will be listed on the Market for Alternative Investment (mai) on July 7, using the trading abbreviation “BLESS” in the real estate and construction sector.
“BLESS shares have received a great response from investors. Due to outstanding operating results, during the past 3 years (2019-2021), revenues grew by an average of 20%. In 2020, it was New high due to outstanding products. meet the needs of consumers Located in a good location convenient transportation At the same time, in terms of setting the selling price, it is at a reasonable and tangible level. However, in 64 years, earnings have declined slightly. Because in the year 63 was affected by the economic slowdown problem. and the closure of worker camps in the aftermath of the COVID-19 pandemic. making it impossible to transfer the house according to the specified plan But still maintain a level of gross profit (GP) at more than 30% and net profit of not less than 10% “said Mr. Apichart.
Mr. Chaiwat Kowitchindachai Chief Executive Officer Bless Asset Group Public Company Limited operates real estate development business in the category of residential properties for sale. It is divided into a variety of real estate projects comprising single houses, duplexes, townhomes and low rise condominiums under the names Blessington, Mellizo Park, Bless Town, Blessity Park, Bless Ville and Bleisure. 2-3 projects each during the next 3-5 years, focusing on the development of diversified projects to meet the needs of customers to suit the situation at each time and from a not very large income base This ensures that in the future it can grow by leaps and bounds because BLESS is now ready in terms of capital base for business expansion.
In terms of profitability, the company has set a gross profit target not less than in the past, and will result in better profit margins from the company’s economy of scales and utilizing fixed cost.
Chief Executive Officer BLESS said that the real estate industry trend expected to continue to grow Especially the low-rise projects that have received positive factors from the new normal lifestyle and the expansion of the city and the mass transit system. but may be affected by inflation and the Russo-Ukrainian War that cause various product problems Significantly higher prices But initially, the company still believes that the low-rise real estate market can still continue to grow according to consumer demand
